13D Filing: Omega Advisors and Ditech Holding Corp (DHCP)

Published on February 21, 2018 at 10:09 am by Insider Monkey Staff in Hedge Funds

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Page 2 of 7 – SEC Filing

CUSIP No. 93317W102	13D	Page 2 of 7 Pages

1	NAMES OF REPORTING PERSONS
	I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
	Leon G. Cooperman

2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP			(a)	☐
				(b)	☒

3	SEC USE ONLY


4	SOURCE OF FUNDS (SEE INSTRUCTIONS)
	OO

5	CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(D) OR 2(E)				☐


6	CITIZENSHIP OR PLACE OF ORGANIZATION
	United States

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH		7	SOLE VOTING POWER
			3,738,676

		8	SHARED VOTING POWER
			0

		9	SOLE DISPOSITIVE POWER
			3,738,676

		10	SHARED DISPOSITIVE POWER
			0

11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	3,738,676 (1) (2)

12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)				☐


13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
	48.69% (3)

14	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
	IN

(1) Includes in the aggregate (i) 312,901 shares of Common Stock, (ii) 2,996,019 shares of Common Stock issuable upon conversion of Issuer’s Mandatorily Convertible Preferred Stock (as defined below), (iii) 239,622 shares of Common Stock issuable upon exercise of the Series A Warrants (as defined below), and (iv) 190,134 shares of Common Stock issuable upon exercise of the Series B Warrants (as defined below).

(2) The amount of Common Stock issuable upon conversion of the Mandatorily Convertible Preferred Stock is based on a conversion factor of 114.9750 as disclosed in Exhibit 3.1 to the Issuer’s Form 8-K filed on February 13, 2018.

(3) Based on 4,252,500 shares of Common Stock reported to be outstanding in the Issuer’s Form 8-K filed on February 2, 2018. See Item 5(a) with respect to the shares of Common Stock beneficially held by Mr. Cooperman.